840 County Rd Riverhead, NY 11901
This exceptional commercial property, located at 840 Route 58 in Riverhead, New York, presents a unique owner-user investment opportunity. The 11,000 square foot building sits on a desirable 2-acre corner lot, boasting high visibility and significant frontage along two major roads: 225 feet on Old Country Road and 364 feet on Ostrander Avenue. Built in 1985, this single-story structure features an 18-foot ceiling height and is zoned for commercial use (Zoning 3). The property's strategic location benefits from high traffic volume, with approximately 25,000 vehicles passing daily, making it ideal for a variety of uses. Its versatile nature allows for adaptation to various businesses, including auto dealerships, medical offices, retail stores, restaurants, or professional services. An external loading dock adds to its functionality. The property's 2024 real estate taxes are $44,226.14. The occupancy date is November 5, 2024. Seller financing is available for qualified buyers, and lease or ground lease options will be considered. This prime location and flexible options make this an attractive investment for discerning buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.